Approved Debt Help - Consumers Choice

 Debt Helpline 08008477011

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Consumers Trustpilot

Debt Helpline 08008477011

5,000 Or More In Debt? Find Out If We Can Help!

In 2023, 1000’s people wrote off unaffordable debt by entering into an approved debt scheme that could potentially help you Write off % of your existing debts!

Please Fill In The 3 EASY Steps To Get Help

This is Not a Loan 

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Free Expert Help

Reduce your debts and take back control

Some Solutions Can Include:

  •     Unaffordable Debt Written Off
  •     Freeze All Interest & Charges on All Debts Included
  •     Will Not Effect Your Car Or Finance
  •     Stop All Contact From Creditors and Bailiffs
  •     Pay One Affordable Monthly Payment
  •     Stop Debt Related Stress & Anxiety
  •     Confidential and No Obligation Service
  •     No Upfront Set Up Fees
  •     Non-Judgmental Service

Our partners will help you take back control of your finances

Let’s Get Started

“Debt is like any other trap, easy enough to get into, but hard enough to get out of.”

Get Help With Most Types Of Debt, Including

Store Cards

Credit Cards

Personal Loans

Overdraft

Catalogues

Payday Loans

Council Tax

Utility Arrears

Debt Collectors

Free Debt Help

Our partners can help you become debt-free by consolidating all your debts into one affordable monthly payment.

This could enable you to stop all creditor contact: no more letters, emails or phone calls.

Store Cards

Overdraft

Council Tax

Credit Cards

Catalogues

Utility Arrears

Personal Loans

Payday Loans

Debt Collectors

Free Debt Help

Our partners can help you become debt-free by consolidating all your debts into one affordable monthly payment.

This enables you to stop all creditor contact. No more letters, emails or phone calls.

The Process In 3 Easy Steps

STEP - 1 Eligibility Check

Fill out the form above so we can understand your circumstances.

STEP - 2 Debt Consultation

Speak to a friendly partner for advice to help you choose the best solution for your needs.

STEP - 3 Review & Relax

Let them handle everything so you can free yourself of the worry of speaking to your creditors.

ELIGIBILITY CHECK

We Understand That Every Situation Is Different

Here’s a breakdown of Tim’s story, who choose an IVA as his best solution.

Alternative solutions may be more suitable for your situation and May not be suitable in all circumstances. 

DO I QUALIFY LIKE TIM DID

How Does It All Work?

You make one affordable monthly payment
The payment is then distributed between your creditors.
Some solutions mean that at the end of the term, unaffordable debt is written off.

Understanding The Best Solutions To Consider

Debt Management Plan

DMP

An informal arrangement which can be made between you and your creditors.

Read more

Individual Voluntary Arrangement

IVA

An formal arrangement which can be made between you and your creditors.

Read more

Debt Relief Order

DRO

Is a way to have your debts written off if you have a relatively low level of debt and have few assets.

Read more

Bankruptcy

Bankruptcy

Is a legal process through which people or other entities who can not repay debts to creditor.

Read more

Trust Deed

Trust Deed

A trust deed is a voluntary agreement between you and creditors, Scotland residents only.

Read more

See What Happy Customers Say About Us?

Do You Qualify?

Hundreds of people use us every day

GET DEBT FREE

  • The Money Helper is an impartial service set up by the Government to help people manage their money. To find out more about free debt help and credit information services,
DEBT PLANS
  • Debt Management Plan
  • Individual Voluntary Arrangement
  • Trust Deed
  • Debt Relief Order (DRO)
  • Debt Arrangement Scheme
  • Bankruptcy
  • Sequestration
  • Debt Consolidation Loan
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Copyright © 2026 | Consumerschoice.co.uk | Registered Office: 35 Stanford New Road, Altrincham. Co Reg No 09052365

Debt Management Plan

A Debt Management Plan (DMP) allows you to pay off your debts at a rate you can afford.

It’s suitable if you have non-priority debts like credit or store cards, overdrafts and personal loans.

Your DMP provider will help you work out an affordable payment and talk to your creditors.

You make one monthly payment to the DMP provider who then pays your creditors for you.

 

Which debts can I pay off with a Debt Management Plan?

You can only use a Debt Management Plan for non-priority debts.

These include:

  • overdrafts
  • personal loans
  • bank or building society loans
  • money borrowed from friends or family
  • credit card, store card debts or payday loans
  • catalogue, home credit or in-store credit debts.

Individual Voluntary Arrangement

An Individual Voluntary Arrangement (IVA) freezes your debts and allows you to pay them back over a set period.

Any money you still owe after this period is then written off.

You can apply for an IVA if you can afford to pay something towards your debts but not necessarily the full amount your creditors want.

You will need to show you have a regular long-term income as the repayments will usually cover a period over 60 or 72 months (five to six years).

If you have a lump sum to pay towards your debts, you might also qualify for an IVA.

The IVA is set up by a qualified professional called an Insolvency Practitioner, who will work with you to put together a proposal to take to your creditors for approval.

It very much depends on what your circumstances are as to whether they will agree to the plan.

An IVA is a legally binding agreement between you and the people you owe money to.

This means once you’ve signed it, neither you nor your creditors can back out. So you need to make sure it’s right for you.

 

Debt Relief Order (DRO)

How a Debt Relief Order works

suitable if you are on a low income with very few assets

freezes debt for a year then writes it off completely if your circumstances haven’t changed.

Once a Debt Relief Order is agreed, you make no further payments to the people you owe money to (your creditors).

Can I apply for a Debt Relief Order?

You can apply for a Debt Relief Order if:

  • you have qualifying debts of less than £50,000.
  • you don’t own things of value or have savings of over £2,000 or £4000 for a vehicle.
  • you have £75 or less spare each month after paying your household bills.
  • you have lived, had a property or owned a business in the last three years in England, Wales or Northern Ireland.

Benefits & Considerations of a Bankruptcy

Considerations

  • You lose control of finances and assets, the official receiver or Trustee appointed on your case will decide what happens to your valuable asset and finances
  • Under certain circumstances, bankruptcy can affect types of employment
  • It will affect your credit file for six years
  • Putting yourself into bankruptcy will cost around £680, which can be paid in monthly instalments however you will not be afforded the protection of bankruptcy until such time as this is paid.
  • Depending on if you have proven disposable income you may have to pay income payments for up to thirty-six months

Benefits of Bankruptcy

  •  Your Bankruptcy could be discharged within 12 months
  •  It can free you from the pressure of creditors
  •  All debts that qualify for bankruptcy are written off
  •  The stigma of bankruptcy is not what it once was
  •  The process to make yourself bankrupt is now completed online

Trust Deed

Only available in Scotland!

A trust deed is a possible solution, though they are available only in Scotland. If you live in England, Wales or Northern Ireland, you might want to consider an Individual Voluntary Arrangement, which works in a similar way.

Affordable payments

When you sign a trust deed, you agree to make affordable monthly payments over a fixed period of up to four years to reduce your debts. At the end of the four-year period, any remaining debts will be written off. In other words, you will have nothing more to pay.

Unsecured debts

A trust deed is a legally binding arrangement and covers unsecured debts only, such as credit cards and personal loans. It does not therefore apply to your mortgage or any hire purchase agreements. A trust deed must also be set up by an insolvency practitioner, who becomes the trustee and deals with the creditors on your behalf.

It’s important to choose an insolvency practitioner that you can trust as you will have to give details of your assets and income, as well as your debts and creditors, to create a clear picture of your finances.